Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage.
Source: Inman News
UWM rolls out ‘one-time-close’ new construction loan in time for spring
Published in Buyers Tools, loanDepot, Mat Ishbia, Mortgage, new construction loan, new home sales, new homes, One-Tome Close New Construction Loan, Select, United Wholesale Mortgage and uwm
More from Buyers ToolsMore posts in Buyers Tools »
More from loanDepotMore posts in loanDepot »
More from Mat IshbiaMore posts in Mat Ishbia »
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Defying conventional wisdom, UWM grows mortgage refis
More from MortgageMore posts in Mortgage »
- 8 reasons you should never recommend a 50-year mortgage
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
More from new home salesMore posts in new home sales »
- More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move
- New-home sales spiked in August to highest rate since 2022
- The American homeownership dream is primed for a comeback
- New-home sales declined in July but beat analyst expectations
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
More from new homesMore posts in new homes »
More from SelectMore posts in Select »
More from United Wholesale MortgageMore posts in United Wholesale Mortgage »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Rocket Companies closes Mr. Cooper acquisition
- Better shares soar on bullish thesis by activist investor Eric Jackson
More from uwmMore posts in uwm »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
Be First to Comment